Duke Robotics, a company specializing in drone and robotic technologies, has announced the commencement of revenue generation through its latest agreement with the Israel Electric Corp. (IEC). This collaboration introduces Duke Robotics' high-voltage insular washing services, utilizing its IC Drone technology, to assist in the maintenance of electrical utilities. This marks a pivotal transition for Duke, shifting from development phases to active service implementation within the civilian sector.
The deal with IEC symbolizes Duke Robotics’ strategic expansion into civilian markets, distinguishing the company as a significant provider of aerial cleaning solutions aimed at enhancing safety, efficiency, and sustainability in utility maintenance tasks. The agreement has a built-in minimum utilization clause, with IEC committing to guaranteed payments in the low seven-figure range (in Israeli New Shekels) during the first year. This financial commitment reflects a substantial level of confidence in Duke Robotics' innovative drone technology.
Yossef Balucka, CEO of Duke Robotics, expressed enthusiasm about the collaboration, stating, “We are excited to launch our IC Drone services with the IEC. It also marks the beginning of revenue generation for Duke Robotics, as we reported in our quarterly financial statements for the third quarter ending Sept. 30, 2024.” Balucka also noted the broader implications of the project, emphasizing, “We believe that this deployment is a testament to the effectiveness and value of our drone-enabled solutions. We look forward to bringing these benefits to utility companies worldwide as we continue to grow our service offerings.”
Beyond its implications for Duke's financial portfolio, the IEC agreement showcases the company's commitment to fostering innovative applications of drones in civilian markets, while maintaining a parallel focus on sustainability. In offering their drones, Duke Robotics highlights the machines' capability to handle previously dangerous or inaccessible tasks more safely and efficiently. This capability is seen with the IC Drone, which is now fully operational in enhancing utility maintenance.
The implications of Duke Robotics' technology extend beyond civilian applications. The company maintains a robust military-focused offering, particularly the TIKAD platform. TIKAD provides a solution for remote, real-time firing of lightweight firearms via uncrewed aerial vehicles (UAVs). This system was designed to meet the growing demand for advanced combat technology that prioritizes minimizing military casualties through stand-off capabilities.
Duke Robotics, previously known as UAS Drone Corp, positions itself at the forefront of drone technology, integrating cutting-edge algorithms, autonomous systems, and robotics into its offerings. These technologies are crucial in mission-critical applications, displaying Duke’s expertise in both military and civilian domains.
Looking forward, Duke Robotics plans to capitalize on the initial success of its IC Drone in the Israeli utility market by pursuing global expansion. The company envisions its aerial systems becoming a staple in utility maintenance across countries, providing a blend of advanced technology and practical solutions to one of the industry's most challenging tasks.
.png)
